Younkers

Younkers, Inc.
Department store
Founded1856 Keokuk, Iowa,
HeadquartersMilwaukee, Wisconsin,
IndustryRetail
ProductsClothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
ParentThe Bon-Ton
Website[1]


Younkers is a department store chain in the Midwestern United States. The chain concentrates on the middle and upper-class segments of the market.

History

Beginnings

The company was founded by Polish immigrant brothers Lipman, Samuel, and Marcus Younker, who opened a general store in Keokuk, Iowa in 1856. Herman Younker, the youngest of the brothers, opened a dry goods store in Des Moines, Iowa in 1874. Following Samuel's death in 1879, the Keokuk store was closed and the Des Moines location became the main store. In 1899 the Younker brothers' main store in downtown Des Moines was moved to 7th and Walnut Streets, and it operated at the same location for 106 years before closing on August 12, 2005. The downtown Des Moines store became known for its Tea Room restaurant, which opened in 1913 and closed shortly before the store did. It also installed Iowa's first escalator, known as the "electric stairs," in 1939.

Younkers Incorporated

Enlarge picture
The original Younkers store in downtown Des Moines, Iowa. The building has been vacant since the store closed on August 12, 2005.
A series of additions, enlargements, and mergers resulted in the company changing its name to Younkers Incorporated. The Grand Department Store in downtown Des Moines was purchased in 1912. The company started growing in the 1920s by acquiring other department stores throughout Iowa, including Wilkins Department Stores (1923), Harris-Emery (1927), and J. Mandelbaum and Sons (1928). The Iowa-based retailers Britnalls of Marshalltown and Davidson's of Sioux City were acquired in 1948 and Yetters of Iowa City was acquired in 1949. Younkers began expanding outside of Iowa during the 1950s and opened its first shopping mall store in Omaha, Nebraska, in 1955. (It acquired another Omaha department store, Kilpatrick's, in 1961.) By 1978 Younkers had 28 stores in five states.

Acquisitions of Brandeis and H.C. Prange

Younkers was operated by the Equitable of Iowa insurance company from 1979 to 1992 after being a publicly-traded company since 1948. Under Equitable's ownership, Younkers acquired all 11 locations of the Omaha-based Brandeis department store chain in 1987. After returning to public ownership on the NASDAQ on April 22, 1992, Younkers purchased the 22 stores of the H.C. Prange chain in Wisconsin and Michigan.

Acquisition by Proffitt's

After a hostile takeover bid by Carson Pirie Scott was rejected in 1995, Younkers' shareholders agreed to a friendly takeover by Proffitt's, Inc., of Knoxville, Tennessee. The acquisition was completed in October 1996; Proffitt's would later acquire Carson Pirie Scott, and in 1998 Proffitt's merged with Saks Fifth Avenue to form Saks Incorporated. In 2003, Saks closed Younkers' headquarters in Des Moines and merged its operations with those of Carson Pirie Scott in Milwaukee, Wisconsin.

Sale to The Bon-Ton

Saks sold Younkers and its other Northern Department Store Group stores (Carson Pirie Scott, Bergner's, Boston Store, and Herberger's) to Bon-Ton Stores in a $1.1 billion deal that was completed on March 6, 2006. [2]

Current locations

As of March 1, 2007, Younkers has 46 stores in Iowa, Illinois, Michigan, Minnesota, Nebraska, South Dakota, and Wisconsin. Most of its stores are anchors of shopping malls.

Illinois
Iowa
Enlarge picture
The exterior of the Younkers department store at Jordan Creek Town Center in West Des Moines, Iowa.
Michigan
Minnesota
Nebraska
South Dakota
Wisconsin
Enlarge picture
Downtown Sheboygan, Wisconsin location

Former locations

This is an incomplete list. Please add to this list if you are aware of an omission.
Illinois
Iowa
Nebraska
Wisconsin

References

External link

department store is a retail establishment which specializes in selling a wide range of products without a single predominant merchandise line. Department stores usually sell products including apparel, furniture, appliances, electronics, and additionally select other lines of
..... Click the link for more information.
18th century - 19th century - 20th century
1820s  1830s  1840s  - 1850s -  1860s  1870s  1880s
1853 1854 1855 - 1856 - 1857 1858 1859

:
Subjects:     Archaeology - Architecture -
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Keokuk, Iowa

Seal
Motto:
Location of Keokuk, Iowa
Coordinates:
Country United States
State Iowa
County Lee
Area
 - City 27.
..... Click the link for more information.
Milwaukee, Wisconsin
Milwaukee seen from Lake Michigan. The U.S. Bank Center is on the left, and the Milwaukee Art Museum is on the lower right.
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Industry (from Latin industrius, "diligent, industrious"), is the segment of economy concerned with production of goods. Industry began in its present form during the 1800s, aided by technological advances, and it has continued to develop to this day.
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Retailing consists of the sale of goods or merchandise, from a fixed location such as a department store or kiosk, in small or individual lots for direct consumption by the purchaser.[1] Retailing may include subordinated services, such as delivery.
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Aspinwall Classification System (Leo Aspinwall, 1958) classifies and rates products based on five variables:
  1. Replacement rate (How frequently is the product repurchased?)
  2. Gross margin (How much profit is obtained from each product?)

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worldwide view.


A holding company is a company that owns part, all, or a majority of other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself, rather its only
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The Bon-Ton Stores, Inc.

Public (NASDAQ:  BONT )
Founded 1898
Headquarters York, Pennsylvania,

Industry Retail
Products Clothing, footwear, bedding, furniture, jewelry, beauty products, and housewares.
..... Click the link for more information.
A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN.
..... Click the link for more information.
department store is a retail establishment which specializes in selling a wide range of products without a single predominant merchandise line. Department stores usually sell products including apparel, furniture, appliances, electronics, and additionally select other lines of
..... Click the link for more information.
Midwestern United States (or Midwest) refers to the north-central states of the United States of America, specifically Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Ohio, Nebraska, North Dakota, South Dakota and Wisconsin.
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Motto
"In God We Trust"   (since 1956)
"E Pluribus Unum"   ("From Many, One"; Latin, traditional)
Anthem
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Motto
none1
Anthem
Mazurek Dąbrowskiego   (Polish)
Dąbrowski's Mazurek
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Keokuk, Iowa

Seal
Motto:
Location of Keokuk, Iowa
Coordinates:
Country United States
State Iowa
County Lee
Area
 - City 27.
..... Click the link for more information.
State of Iowa

Flag of Iowa Seal
Nickname(s): The Tall Corn State, The Hawkeye State
Motto(s): Our liberties we prize and our rights
we will maintain


Official language(s) English

Capital
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Des Moines, Iowa

Flag
Seal
Nickname: "DSM", "The 515", "DeMo", "City of Skywalks", "The Hartford of the West"
Location in Polk County and in the State of Iowa
Coordinates:
..... Click the link for more information.
Lêre).
  • 1806 - Santiago de Liniers re-takes the city of Buenos Aires after the first British invasion.
  • 1833 - Chicago was founded.
  • 1851 - Isaac Singer granted a patent for his sewing machine.
  • 1877 - Asaph Hall discovers Deimos.
    ..... Click the link for more information.
  • 20th century - 21st century - 22nd century
    1970s  1980s  1990s  - 2000s -  2010s  2020s  2030s
    2002 2003 2004 - 2005 - 2006 2007 2008

    2005 by topic:
    News by month
    Jan - Feb - Mar - Apr - May - Jun
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    State of Iowa

    Flag of Iowa Seal
    Nickname(s): The Tall Corn State, The Hawkeye State
    Motto(s): Our liberties we prize and our rights
    we will maintain


    Official language(s) English

    Capital
    ..... Click the link for more information.
    escalator is a conveyor transport device for transporting people, consisting of individual, linked steps that move up or down on tracks, which keep the treads horizontal.
    ..... Click the link for more information.
    Marshalltown, Iowa
    Location in Iowa
    Coordinates:
    Country United States
    State Iowa
    County Marshall
    Founded
    Incorporated
    Government
    ..... Click the link for more information.
    Sioux City, Iowa
    Motto: Successful Surprising Sioux City
    Location in Iowa
    Coordinates:
    Country United States
    State Iowa
    Counties Woodbury, Plymouth
    Founded 1854
    ..... Click the link for more information.
    Iowa City, Iowa

    Location in the state of Iowa
    Coordinates:
    Country United States
    State Iowa
    County Johnson
    Government
     - Mayor Ross Wilburn

    ..... Click the link for more information.
    shopping mall or shopping center is a building or set of buildings that contain a variety of retail units, with interconnecting walkways enabling visitors to easily walk from unit to unit.
    ..... Click the link for more information.
    Omaha, Nebraska
    An aerial view of Omaha.

    Flag
    Seal
    Nickname: Gateway to the West
    Motto: Fortiter in Re  
    ..... Click the link for more information.
    J.L. Brandeis & Sons was a chain of department stores located in the Omaha, Nebraska area started by Jonas L. Brandeis in 1881. It was purchased by Younkers for $35 million in 1987, and the stores were converted to the Younkers name.
    ..... Click the link for more information.
    The NASDAQ (acronym for National Association of Securities Dealers Automated Quotations system) is an American stock market.
    ..... Click the link for more information.
    April 22 is the 1st day of the year (2nd in leap years) in the Gregorian calendar. There are 0 days remaining.

    Events

    • 1500 - Portuguese navigator Pedro Álvares Cabral becomes the first European to sight Brazil.

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    19th century - 20th century - 21st century
    1960s  1970s  1980s  - 1990s -  2000s  2010s  2020s
    1989 1990 1991 - 1992 - 1993 1994 1995

    Year 1992 (MCMXCII
    ..... Click the link for more information.


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